Trading was very quiet to start the week. Snow and extreme cold across much of the Midwest is hampering logistics to start the week. Cattle slaughter finished last week at an estimated 653,000 head, up 3.4 percent from year prior levels. Slaughter is forecast to trend lower through February and into March. The next six weeks are forecast at an average of 638,300 head down 25,100 head per week compared to the last five weeks, which excludes the six week prior New Year holiday break. Live weights are forecast to fall as well which can…
11.22.2024
Biodiesel margins rise, but window of opportunity limited
Biodiesel margins continued to rise during the week to Friday November 22. The bean oil/heating oil (BOHO) spread boosted margins by falling to its lowest level since August 27.
11.22.2024
Gulf prices average higher despite weeklong declines in SBO
For the week ended Friday November 22, packer bleachable fancy tallow (BFT) remained unchanged from the previous week’s average, while Gulf Coast-delivered tallow rose 2.7%, primarily...
11.22.2024
Bloodmeal largest price mover week on week; November cattle on feed higher
US animal protein prices were mixed to mostly higher for the week to Friday November 22, with only meat and bonemeal showing a slight price reduction due to tighter...